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Stochastic RSI with Signals
MomentumStochRSI oscillator with automatic buy and sell signal arrows when the indicator crosses out of overbought and oversold zones.
How It Works
The indicator calculates RSI, then applies the Stochastic formula to the RSI values to create a more sensitive oscillator. The K line is smoothed, and a D line (signal) is derived from K. Buy signals fire when K crosses above D in the oversold zone (below 20). Sell signals fire when K crosses below D in the overbought zone (above 80).